When it comes to choosing new Medicare coverage, you’ve got lots of options. The best thing you can do is talk to a licensed sales agent about your choices to make sure you enroll in the right plan for you.
Here’s a quick breakdown of three types of Medicare plans available to you:
Medicare Advantage Prescription Drug Plan (MAPD):
MAPD plans are an alternative to Original Medicare. They are sold through private organizations and include everything covered by Original Medicare, but offer more benefits like hospital, doctor, and prescription drug coverage.
Supplement plans, also known as a Medigap, are designed to fill the gaps in coverage from Original Medicare, such as deductibles, copayments, and overseas emergency health coverage.
Prescription Drug Plan (PDP):
PDP is a stand-alone plan that only covers prescription drugs. Original Medicare and some Medicare Advantage plans don’t include Rx drug coverage, so you may need to add a PDP onto the health plan that you choose.